Wipro guides for weak revenue performance in next quarter
Financial Express Mumbai|July 15, 2023
WIPRO REPORTEDA 2.8% quarter-on-quarter fall in IT services revenue to $2,778 million for the first quarter of the current fiscal due to an adverse macro and a slowdown in discretionary spends in keyverticals such as BFSI, consumer and hi-tech.
Wipro guides for weak revenue performance in next quarter

Despite healthy deal wins, the softness is expected to continue in the second quarter, as the company has guided for revenue performance of -2% to +1% CC. Given Wipro's broader presence in the discretionary area, the conversion is a challenge as enterprises are cautious and are reprioritising spends.

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